Office Insurance

An office package insurance policy is a particular type of insurance plan that offers comprehensive protection against various risks that can affect the office’s operations.

These various risks can be fire, earthquake, burglary, etc, based on the policy conditions. The office insurance policy inclusion and exclusion may vary from insurer to insurer.

There are multiple reasons to consider buying an office insurance policy. Some of them are listed below:

• By investing in office insurance policies, businesses can protect their office spaces from damages caused by natural calamities like earthquakes, cyclones, etc. These calamities can cause massive destruction and can put businesses in debt. But with an office package insurance policy, businesses can get finances to re-establish the buildings.

• Further, the office insurance policy also offers coverage against vandalism, fire, theft, etc. These man-made activities can derail business operations. But with office insurance plans at the side, the policyholder will get compensated against risks like theft, break-ins, etc., as per policy condition.

• Besides this, an office package insurance policy also offers benefits to employees in the form of workers' compensation in case of accident and death during the employment period.

Tata AIG office package insurance policy offers several perks to businesses, such as:

Easy Claim Procedure- We understand that the disrupted business operations can cause substantial financial loss. This is the reason we have a straightforward claim settlement procedure for business owners. By visiting the Tata AIG website, a policyholder can start their claim procedure in just a few steps.

Extensive Inclusions- Tata AIG office package insurance policy comes with an extensive list of inclusions such as worker compensation, baggage loss, etc. All this inclusion offers enhanced protection to the policyholders.

Customer Support- Another benefit of investing in Tata AIG office insurance policy is to get the top not customer support during times of crises. Our representative will help you with policy purchase, claim settlement, and more.

Suitable for Every Business- Tata AIG office insurance plan is designed to meet the needs of businesses of every kind. From small office set-ups to big corporate houses, our plan can be customised for everyone.

Office insurance policy can be very beneficial for:

• Government offices

• ITES centres

• BPO Call centres

• Commercial Offices

• Software Development Offices

• Manufacturing Premises

• Warehouses

There are various benefits covered under the Tata AIG office package insurance policy in India. Some of them are listed below:

Fidelity Guarantee- The very first benefit of investing in a Tata AIG office package insurance policy is to get the fidelity guarantee. It means the insured will get coverage against financial losses that happen due to employee dishonesty or fraudulent activities by the insurance provider.

Money Protection- Another benefit of investing in an office insurance policy is to get money protection coverage. Under this clause, policyholders will get compensation for loss or damage to money inside the office space, such as in a safe or locker, etc. Not just this, the money lost in transit due to theft or robbery from office location to bank or vice versa is also insured.

Office Equipment Protection- Further, another benefit of investing in an office package insurance policy is to get office equipment protection, for all equipment such as furniture and electronic appliances. Under the plan, all the major office appliances, as per the policy condition, will be compensated in case of loss or damage due to any unforeseen situations.

Personal Accident- Besides this, the office insurance policy in India also offers coverage against the personal accident which includes disability or death of an employee due to an unexpected event in the office space.

Public Liability- Last but not least, another benefit of purchasing an office insurance policy in India is to get legal liability. It means the policyholder will get legal coverage in case of accidental injury or property damage by a third party.

Below are some of the standard inclusions that can be found in the Tata AIG office insurance policy wordings:

• The policy protects office premises against various risks such as earthquakes, fire, etc. The coverage also includes machinery breakdowns on the office premises, such as breakdown of photocopying machines, refrigerators, etc.

• Another inclusion offered is coverage to electronic equipment such as printers, faxes, UPS, computers, etc., against any sudden damage or loss, unless excluded as per the policy condition.

• Another inclusion is, coverage of office premises and its content against burglary, house break-ins, etc.

• Besides this, the insurer will get coverage against financial losses due to employee dishonesty and fraud.

• The policy also provides coverage for damage or loss to neon signs in office premises by accidental means, which lead to fire, riot and strikes.

• Under the office insurance policy coverage, the insurer will get coverage against the loss or damage due to plate glass.

• Workers compensation is another inclusion in which employees will get compensation against occupational death or bodily injury, etc., in the course of their employment.

• The insurer will get coverage for personal baggage loss or destruction within the premises.

Some of the standard exclusions under the office insurance policy in India are:

1. Under special peril or standard fire loss, destruction or damage due to:

• Pollution or contamination losses

• Losses of earnings or loss of market

• Ionising radiations, contaminations by radioactive, nuclear fuels or waste

• War or war-like operations

2. Burglary loss, destruction or damage due to:

• Inmates or members of the insured's household or business staff

• Fire or explosions

3. Electronic equipment loss, destruction or damage due to:

• Wear and tear

• Defects and faults at the time of policy commencement that the insurer or his representative has known.

4. Portable equipment loss, destruction or damage due to:

• Willful or gross negligence

• Confiscation or detention by authorities.

• Process of cleaning, restoring, repairing or deterioration arising from wear and tear.

• Consequential losses or legal liability.

• Deterioration is out by everyday use.

5. Money loss or damage due to:

• Collusion by any employee or agent of the Insured

• Use of keys or duplicate keys

• Use of counterfeit money

6. Plate Glass & Neon Signboard loss, damage or destruction due to:

• Scratches & Cracks

• Whilst removing, replacing or in the course of alteration

7. Workmen's compensation and liability due to:

• Willful or intentional non-compliance of any statutory provision

• Fines, penalties, punitive and exemplary damages

8. Baggage loss, destruction or damage due to:

• Mechanical or electrical derangement/breakdown

• Loss of money, travel ticket, traveller's cheque

• Theft of baggage from any motor vehicle unless such is a fully enclosed vehicle

9. Personal liability due to:

• Intentional self-injury

• Suicide

• Injury accident under the influence of an alcoholic beverage

10. Public liability due to:

• Willful or intentional non-compliance of any statutory provision

• Fines, penalties, punitive and exemplary damage

There are various policies such as office insurance policy, fire insurance, fire and burglary insurance, etc., which help businesses to continue business activities and overcome various operational challenges.

The purpose of all these insurance policies is to provide financial coverage to small and medium businesses against various risks, such as fire, burglary and other covered damages and mishaps.

Tata AIG offers customisable SME insurance policy at budget-friendly rates.